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google stashed $10 million in bermuda, hp has almost all of its cash offshore and apple said to shareholders, two-thirds of its $121 billion of cash is held outside the united states. now why is that? is it just because they hate america? >> two things to understand. number one, everything they do is completely legal. it's foreign source income that is being taxed in the countries where it's being earned. but, number, two, the u.s. has the highest corporate tax rate in the developed world. these companies if they bring that money back to the united states will be double taxed on top of what they paid oversea, yes, with some credit so maybe it doesn't get too much above 35% but we are shooting ourselves in the foot with very bad corporate tax policy. >> will president obama clahang that with this talk of corporate tax reform? >> i don't want to burst your bubble. i'm not sure the administration is serious about this. we've seen there idea of corporate tax reform and it makes our world wide tax system more expansive so companies don't even have the ability to delay the second layer of tax. i t
google stashed $10 million in bermuda, hp has almost all of its cash offshore and apple said to shareholders, two-thirds of its $121 billion of cash is held outside the united states. now why is that? is it just because they hate america? >> two things to understand. number one, everything they do is completely legal. it's foreign source income that is being taxed in the countries where it's being earned. but, number, two, the u.s. has the highest corporate tax rate in the developed...
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google and comcast have filed similar things. now things are so interconnected it is a problem. >>trace: thank you, sir. controversial video shot in a los angeles firehouse, the same firehouse that got mixed up with a porn shoot. next. ays a key role throughout our livesiv es. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. >>trace: the same los angeles fire station where an adult video was filmed last year at the center of another controversy, a new video shows a woman dressed up in fire gear with little clothing dancing with a hoop. the fire department professional standards division is investigating and after we learned of the porn shoot the fire chief acknowledged that he had posed for racy photos at the station way back when he was just a captain. >> before we wrap it up "studio b
google and comcast have filed similar things. now things are so interconnected it is a problem. >>trace: thank you, sir. controversial video shot in a los angeles firehouse, the same firehouse that got mixed up with a porn shoot. next. ays a key role throughout our livesiv es. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. gives you a low $18.50 monthly plan premium... and...
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not one reporter who reported that remark went to google -- and i did -- looked at that speech and said as a matter of fact he talks about the role of religion. he talks about the priests in his life. so it's sort of like you're just -- i understand that on deadline it could be difficult, but you're just allowed to spew this stuff and people don't even sometimes use the basic tools of journalism to say really? is that what president kennedy said? >> the best line in that speech which may be kennedy's best speech was the interest here is not what church i go to, it's what america i believe in. the issue on the table here is not my beliefs or faith or lack thereof, it's about this country and what this country should say to people of faith or no faith. it should be how we treat as americans all the different belief systems. >> let me up the ante on what joan just said. that's right. people didn't check. and on deadline, there may be an excuse. to me what happened a lot during this campaign is even when politicians and i think romney did this more than obama, are called out on lies. say wh
not one reporter who reported that remark went to google -- and i did -- looked at that speech and said as a matter of fact he talks about the role of religion. he talks about the priests in his life. so it's sort of like you're just -- i understand that on deadline it could be difficult, but you're just allowed to spew this stuff and people don't even sometimes use the basic tools of journalism to say really? is that what president kennedy said? >> the best line in that speech which may...
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if you google bermuda tax shelter, you probably get google as the top result. >> indeed. well, news today that google is using bermuda to its tax advantage. and in a very big way. the internet giant is steering $10 billion in overseas profits in the islands nation. therefore avoiding about $2 billion in taxes worldwide. guess what, it is all legal. it benefits the company's bottom line. but opens the company up for criticism. let's bring in ben schacter. saying it's the fiduciary duty that google has to their shareholders. while david callahan says such strategies could hurt the brand. great to have you with us. ben, let me get to you today. we'll get into the ethics in a second. but you say it is good for shareholders. >> i think it's what they have to do. it's their fiduciary duty to protect shareholders and pay as low a tax rate as they legally can. and in this case, that is what they're doing. >> but ethically it feels a little dirty, doesn't it? if all these american companies are hiding their revenues elsewhere. >> i think this is what they have to do. they have leg
if you google bermuda tax shelter, you probably get google as the top result. >> indeed. well, news today that google is using bermuda to its tax advantage. and in a very big way. the internet giant is steering $10 billion in overseas profits in the islands nation. therefore avoiding about $2 billion in taxes worldwide. guess what, it is all legal. it benefits the company's bottom line. but opens the company up for criticism. let's bring in ben schacter. saying it's the fiduciary duty...
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Dec 13, 2012
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liz: google up, apple down. ciena, a company that makes things go through thh pipe of the band with missing street expectations and lowered guidance for the current quarter but the stock is hanging tough higher by more than 5% since the open and has since pulled back but what are investors seeing heading into next year and how will competitors derail the current run? gary smith, ciena ceo from baltimore, maryland. thank you for joining us. >> thank you for having me. >> every kid, everybody we know is buying a brand-new smartphone constantly upgrading. i would have thought you wouldn't miss estimates because they would have to be buying more equipment to absorb the new and bigger traffic. what went wrong in the quarter? >> expanding in a market that's declined last year about 7%, so we took market share for sure this year and we are very well positioned. our backlog increased by 25%. we are very well positioned to ride the growth curve. liz: you are up 46% over the past year. a huge short for it, 30% is shorter,
liz: google up, apple down. ciena, a company that makes things go through thh pipe of the band with missing street expectations and lowered guidance for the current quarter but the stock is hanging tough higher by more than 5% since the open and has since pulled back but what are investors seeing heading into next year and how will competitors derail the current run? gary smith, ciena ceo from baltimore, maryland. thank you for joining us. >> thank you for having me. >> every kid,...
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google 737,000. et cetera and what do they get in return, ed, for giving that money. >> they usually get to bring attention to this andcontinue to do it in a vacume. the president could say . we have a problem. google avoided paying taxs and we need to change that. he will not do that . it is sometimes in ambassadorship. smid is rumored to be a ambassador it goes on both sides of the political party. >> gretchen: it is interesting. instead the talk is the one percent the american individuals than the businesses. >> thank you. >> gretchen: a teacher encouraged to skip class, but she refused and decided to teach the kids. should easy bake ovens made for boys or can they use the ones their sisters got for christmas? that's what my son does. we have an update coming up. ♪ ♪ [ male announcer ] when it comes to the financial obstacles military families face, we understan at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifical
google 737,000. et cetera and what do they get in return, ed, for giving that money. >> they usually get to bring attention to this andcontinue to do it in a vacume. the president could say . we have a problem. google avoided paying taxs and we need to change that. he will not do that . it is sometimes in ambassadorship. smid is rumored to be a ambassador it goes on both sides of the political party. >> gretchen: it is interesting. instead the talk is the one percent the american...
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Dec 7, 2012
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you would prefer google. make the case, sir. >> well, i think that apple is a company that goes through plod cycles and so, therefore, you've got lumpiness and risk there with each product cycle. as you have other hardware manufacturers like google and like amazon come in and they have other businesses that they could use to fund their kind of break-even foray into hardware, it is going to become more about the software. clearly apple has a formidable platform in itunes but we think longer term google is the winner in terms of its android os, powering cream which we think is the best browser, gmail, the core search product. youtube. this is google's goal, to tie a lasso around its ecosystem of advertising supported products. those revenues for me as an analyst are more predictable and also higher margin. i'd prefer to buy google ten times out of ten. >> microsoft's sitting in the corner right now feeling really lonely and left out. why not microsoft? >> i think longer term, microsoft, windows and win 8 have r
you would prefer google. make the case, sir. >> well, i think that apple is a company that goes through plod cycles and so, therefore, you've got lumpiness and risk there with each product cycle. as you have other hardware manufacturers like google and like amazon come in and they have other businesses that they could use to fund their kind of break-even foray into hardware, it is going to become more about the software. clearly apple has a formidable platform in itunes but we think...
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and as for google, we reached out to them, no comment. but ted, google did tell bloomberg it complies with all tax rules. ted? >> we hear this and we hear it every year. ge was in the news last year and it's astounding to people that they're not paying taxes. are regulators in any country doing anything about this? >> well, see, here's the thing. since it's legal, what it boils down to is really this. it's up to governments around the world to change their tax codes. i mean, last week the european commission recommended that countries create pa blacklist of common tax havens and also encourage them to change laws to curb tax abuses. the uk has held hearings and issued reports on this. and it's spending millions to hire special investigators yo s to look into this. they have a new agreement to share new information on taxable income, but any major crackdown is going to take a change in legislation. >> maribel, thank you. >>> the u.s. could launch a mini unmanned space plane in just a few hours and the cargo is classified. we'll have an upd
and as for google, we reached out to them, no comment. but ted, google did tell bloomberg it complies with all tax rules. ted? >> we hear this and we hear it every year. ge was in the news last year and it's astounding to people that they're not paying taxes. are regulators in any country doing anything about this? >> well, see, here's the thing. since it's legal, what it boils down to is really this. it's up to governments around the world to change their tax codes. i mean, last...
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Dec 10, 2012
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google has nexus 7. iphone and smartphone that google has. they compete on so many different levels but they know when to play fair and play nice and i guess it is in the area of patents of the apple and google according to various reports are teaming up together to buy a pool of 1100 patents we know the bankrupt kodak is selling out there, $500 million is the price tag. the reason they decided to come to their senses and play fair here, play nice is because when they were sitting on opposite ends of the table they were outbidding each other. they said, let's not do this. not spend more money than we have to. parse out which patents we want and play together. and that is exactly what they're doing. david: but their animosities are stronger than their willingness to work together, correct? >> absolutely. this is no cease-fire in any pay, shape or form. google is going at it. couple things coming out from google today. the company is going after a set-top box company, motorola home. talks it will go after that competing with apple. apple tv wil
google has nexus 7. iphone and smartphone that google has. they compete on so many different levels but they know when to play fair and play nice and i guess it is in the area of patents of the apple and google according to various reports are teaming up together to buy a pool of 1100 patents we know the bankrupt kodak is selling out there, $500 million is the price tag. the reason they decided to come to their senses and play fair here, play nice is because when they were sitting on opposite...
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google is a good example of all three. i was on the board of a company [inaudible] they had about $13 billion in revenue. that revenue came from products that were 120 days below last told. they have to reinvent nearly $13 billion in revenue in 120 days. disk drives are the file drives on any technology you have. the innovation has to curb at all three levels for it to continue to deliver. one of the major reasons these devices are so small a powerful is because of the process. in storage, the rate of change is to double every nine months. you have to think about the company's to stay ahead of the curve. >> do you want to pick up on this? >> not fair. >> i do not know how to innovate. what strikes me about innovation -- richard virus turned into - an understanding of hiv aids. think of the internet -- it turned into the web. there is a myth about americans that we only care about innovation. the founders had innovation in the dna. the articles of confederation required standards of weights and measures. the most undervalue
google is a good example of all three. i was on the board of a company [inaudible] they had about $13 billion in revenue. that revenue came from products that were 120 days below last told. they have to reinvent nearly $13 billion in revenue in 120 days. disk drives are the file drives on any technology you have. the innovation has to curb at all three levels for it to continue to deliver. one of the major reasons these devices are so small a powerful is because of the process. in storage, the...
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apple up 31%, google up 9% but that doesn't matter because more recently apple falling 20% and google 6%. which is the better bet longer term? they are in apple. that's what i believe longer term. the right investment is. it does not say that i do not believe google is not a good investment because i do believe that it is. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage there because those rates -- >> i'll take it back from harry reid while we try and figure out this audio issue that we're clearly having from the majority leader and his comments down in the nation's capitol as the democratic leadership gets its turn, if you will, at the microphone for an updat
apple up 31%, google up 9% but that doesn't matter because more recently apple falling 20% and google 6%. which is the better bet longer term? they are in apple. that's what i believe longer term. the right investment is. it does not say that i do not believe google is not a good investment because i do believe that it is. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the...
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it's like apple versus google. they went after samsung to spook the herd that uses the samsung platform. >> what about telephones and smart phones? amazon thinks about getting into the phone business. google is into the phone business with motorola. >> phones and tablets are it. we think of them as the fringe device. by later next year tablets will outsell pcs, i mean macs and windows. it's phones and tablets and everything else is a rounding error. >> i still have that little purple flip phone. does that make me a dinosaur. >> you can sell that on ebay as a collectible. >> what do you make of the ipad mini? the smaller one. >> it's the best of the little tablets. such a luxury, high engineer. i carry this cheaper, google, smaller reason. it fits into my jacket pocket. >> let me see it. >> a little too large. >> i have the same problem. you can't put the mini in this. but you can put it right here. that solves the problem. >> that's your middle ground. >> exactly. >> you guys could get a man purse. >> charlie, you
it's like apple versus google. they went after samsung to spook the herd that uses the samsung platform. >> what about telephones and smart phones? amazon thinks about getting into the phone business. google is into the phone business with motorola. >> phones and tablets are it. we think of them as the fringe device. by later next year tablets will outsell pcs, i mean macs and windows. it's phones and tablets and everything else is a rounding error. >> i still have that little...
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let's take a look at google. now this is fascinating tax avoidance. you can name so many companies that do this. bloomberg wrote this story about google as an example of how they do this. google avoided $2 billion in worldwide income taxes by 2011 by shifting $9.8 billion in revenues to a bermuda shell company. they do things like the double irish and the dutch sandwich, which sounds like a different kind of sandwich to me because we're going to have to eat those taxes. if we lived in a real democracy do you think people would let corporations like google shift $9.8 million in taxes away from us or $2 billion in taxes all over the world away from themselves an on to us? that wouldn't happen in a democracy. but in our form of government the people who are served, the people who are represented are the one who is are the largest donors. if you look at how much google gave president obama as an example they gave $737,055. they were his third largest donor. weird how they get to get away with all those tax avoidance schemes. of course, they're not the onl
let's take a look at google. now this is fascinating tax avoidance. you can name so many companies that do this. bloomberg wrote this story about google as an example of how they do this. google avoided $2 billion in worldwide income taxes by 2011 by shifting $9.8 billion in revenues to a bermuda shell company. they do things like the double irish and the dutch sandwich, which sounds like a different kind of sandwich to me because we're going to have to eat those taxes. if we lived in a real...
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google thing still going around the market. we read and respected in the tech world, give me a break. it'll never happen. but the stock did move friday on the news. a big move. now what is this stock up to. >> we don't talk about them much. the 12 month clinical trial of an experimental leukemia drug. >> nexen, again, a company we don't talk much about, but what is up to? >> we don't talk about it much because it is canadian. don't know if you hate it canada like you do american. but a big energy company. here is the deal. people got outraged, just like we are facing here. oh, can't let chinese buy our energy property, terrorism, blah blah blah. guess what? they are allowing the deal to go through. other companies are falling because they may impart new rules. saying we don't know if theant prices can by our energy companies. does that sound familiar in any way? >> this is the is the version of -- >> i don't hate canadians. why do you? >> i don't hate canadians. i hate everybody. i'm kidding. >> now getting cheaper by the minut
google thing still going around the market. we read and respected in the tech world, give me a break. it'll never happen. but the stock did move friday on the news. a big move. now what is this stock up to. >> we don't talk about them much. the 12 month clinical trial of an experimental leukemia drug. >> nexen, again, a company we don't talk much about, but what is up to? >> we don't talk about it much because it is canadian. don't know if you hate it canada like you do...
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but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model as it tries to expand beyond the deal a day business, that's its core business. >> julia, thank you very much. >>> google stashing billions in off-shore accounts to save a few bucks in taxes and what the deal with jc penney? are they having deals or not? we will discuss it more when we come back. stay with us. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't n
but friday they soared on rumors involving google. right now, groupon is giving back a lot of that gain. down almost 8 1/4%. what is going on? >> well, google might be interested in buying groupon. we are seeing gains given back today because a report came out from evercorps, an analyst, saying that he saw no basis to these reports and sees no reason why google would want to buy groupon. so looks like stocks are coming back to earth. there are concerns about its fundamental business model...
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where is the stock of apple-- google-- >> we're watching both, google is higher. what's the story, stuart? what do you think? is it that apple iphone users are finally happy because they've been so annoyed with the new map service at apple, it stinks and happy to get it. stuart: and i think that-- >> is it that they're crawling back to google. stuart: no, no, i think the story is google is socking it to apple and say, hey, we've got an app and put it on the ipad and ipad mini through apple. go away apple maps, it's poi pointless. >> the google guys must be running around the offices with confetti and horns and saying, yes! you couldn't do it without us. stuart: that's exactly right. >> and that's what they're doing over there at google. stuart: that's right, so google is up and apple i think is barely holding its own, i think it's down at the moment. >> it is down 1%. stuart: we've been questioning whether apple is still cool and we'll keep questioning. nicole, thank you very much indeed. again this thursday morning, i've got to tell you it's a dead flat market. l
where is the stock of apple-- google-- >> we're watching both, google is higher. what's the story, stuart? what do you think? is it that apple iphone users are finally happy because they've been so annoyed with the new map service at apple, it stinks and happy to get it. stuart: and i think that-- >> is it that they're crawling back to google. stuart: no, no, i think the story is google is socking it to apple and say, hey, we've got an app and put it on the ipad and ipad mini...
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the google map is now available as a download from appel itunes. you can get it for free. >> and the big question was, a, was google going to make it and, b, was apple going to accept it? we were at the conference yesterday. there was a lot of discussion about that issue. >> it might be easier to list who wasn't at your conference. >> you know, you were invited to the conference. >> i was. i had something else to do. >> what did you have to do yesterday? >> wash my hair. no, i had a -- no, i would have come. i did. i had a lunch. >> it was in the city. >> no. >> you were so close, you came across the bridge? >> i also had to meet with my style team. >> okay. >> my style is lacking, apparently. >> another historic night at madison square garden and the 12-12-12 concert brought relief for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually
the google map is now available as a download from appel itunes. you can get it for free. >> and the big question was, a, was google going to make it and, b, was apple going to accept it? we were at the conference yesterday. there was a lot of discussion about that issue. >> it might be easier to list who wasn't at your conference. >> you know, you were invited to the conference. >> i was. i had something else to do. >> what did you have to do yesterday? >>...
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look at google taking their money to bermuda. look at all the corporations who can't stand to pay 35% income tax in america that won't bring their money home. money goes where it is welcome. >> let me ask you about google. google managed to do tax avoidance, but i is not illegal, by putting money in bermuda and i think they saved $2 billion in tax avoid dance. what efforts are being done by the democrats or the republicans to discourage that type of lawful avoid dance, but nonetheless, a huge amount of money for a very wealthy company? >> i'm not against them doing that. in fact, i compliment them because that money stayed in the private marketplace. but i would say to folks who are doing that, don't come to washington and agitate for higher taxes if you are avoiding taxes. by all means, continue to legally avoid as many taxes as you can because that keeps money in the private marketplace and helps to create jobs. i'm all for that. but don't come at the same time and go tore higher taxes because we need lower >> they don't avoid
look at google taking their money to bermuda. look at all the corporations who can't stand to pay 35% income tax in america that won't bring their money home. money goes where it is welcome. >> let me ask you about google. google managed to do tax avoidance, but i is not illegal, by putting money in bermuda and i think they saved $2 billion in tax avoid dance. what efforts are being done by the democrats or the republicans to discourage that type of lawful avoid dance, but nonetheless, a...
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. >>> google plans to start charging small businesses for its free services like e-mail and google docs. will consumers be next it with those fees? >>> from "50 shades of grey" to 5,000 shades of green, publisher random house giving employees a lot to cheer about this holiday season. we'll explain when "power lunch" continues in just a moment. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on your holiday shopping from l.l. bean. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. [ male announcer ] break from the holiday stress. ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite r
. >>> google plans to start charging small businesses for its free services like e-mail and google docs. will consumers be next it with those fees? >>> from "50 shades of grey" to 5,000 shades of green, publisher random house giving employees a lot to cheer about this holiday season. we'll explain when "power lunch" continues in just a moment. ♪ [ male announcer ] 'tis the season to discover the kid in all of us. enjoy free shipping and great values on...
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coming up next, the reunion with google that is long overdue. up for the company's biggestke blunder in history. mac's apple maps. >> people were lost without this application. many in different parts of the world getting confused and glitches in the software program. there isn't enough to fix some of it. google unveiling the apple maps today and it is already getting a good reception. it is the top download in the app store. there are public transportation mouse included. it fixes the glitches that many complained about in apple maps. wrong names, misplaced landmarks and incorrect addresses that cost people money and cause them confusion. the apple group, of course, it is for free. this application. but it's not altogether perfect. there isn't an ipod version just yet and also the voice immigration is not as good as other brands. it is only available in english. still to come, also, there is no tie in with the contacts. overall, these glitches are relatively small and simple and people are rejoicing. back to you. tracy: i certainly am. well, ab
coming up next, the reunion with google that is long overdue. up for the company's biggestke blunder in history. mac's apple maps. >> people were lost without this application. many in different parts of the world getting confused and glitches in the software program. there isn't enough to fix some of it. google unveiling the apple maps today and it is already getting a good reception. it is the top download in the app store. there are public transportation mouse included. it fixes the...
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google search in the application. if you look for a dry cleaner, search for it, and then find it in the same box. it has a siri-like voice guided turn-by-turn directions, transit schedules, and locations saved on multiple devices. looking for a restaurant, for example, sitting at home, your home computer, when you are on the road, on your cell phone or even when you get to work, you can keep up with the directions anywhere along the way. couple features we are waiting for. no, it's not available on the ipad just yet. waiting for that. there's no integration with contacts so if you have your doctor's address savedded in the contacts, you can't get it seamlessly put in the application just yet, but that's just a matter of time. google share's doing well. we think, probably, because of the release. lots of hype today. connell: up over 700. good to have the turn-by-turn, and turn where you are supposed to be going, another key to this. thank you. >> thanks. connell: a good show last night, the 12-12-12 concert in madison
google search in the application. if you look for a dry cleaner, search for it, and then find it in the same box. it has a siri-like voice guided turn-by-turn directions, transit schedules, and locations saved on multiple devices. looking for a restaurant, for example, sitting at home, your home computer, when you are on the road, on your cell phone or even when you get to work, you can keep up with the directions anywhere along the way. couple features we are waiting for. no, it's not...
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he ran google. during his running of google google parked this $9.8 billion in bermuda, thereby avoiding the heavy tax that would have had to have been paid -- if $10 billion had been brought back to america. megyn: is that legal? >> reporter: it's perfectly legal and some would say that's the responsibility of google and eric smith. megyn: so who cares, i know everybody wants everybody to pay more taxes. >> reporter: it may be a case of hypocrisy. we have eric smith at google deliberately avoiding a high tax which the president he supports pushes on american corporations. megyn: he doesn't have to support him in every piece of his agenda, dose? >> reporter: no, but he's an adviser to the president, supporting him financially you would think he would tow the line with the president's policies. megyn: doesn't he have an obligation to google shareholders? >> reporter: his obligation to shareholders is to minimize the tax bite and maximize the return to the shareholders who own google. that's one side
he ran google. during his running of google google parked this $9.8 billion in bermuda, thereby avoiding the heavy tax that would have had to have been paid -- if $10 billion had been brought back to america. megyn: is that legal? >> reporter: it's perfectly legal and some would say that's the responsibility of google and eric smith. megyn: so who cares, i know everybody wants everybody to pay more taxes. >> reporter: it may be a case of hypocrisy. we have eric smith at google...
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he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in the voter guide which was sent to all of us. they neglected to mention the rector active portion of it. i think a lot of people were really surprised by that. so many businesses still get started in silicon valley because that is where the talent is. the regulation, state and higher taxes in the state do not matter. will this really start to hurt business formation there, do you think. >> i think that is a great question. it is about a 30% tax increase california has done is almost double the taxable gain great. i feel like california is an amazing place. the sil
he is a former google guys. good to see you. >> hello. thank you for having me spew forth the top tax rate in the country will now be in the state of california, assuming we go back to the 39.6% rate. it is retroactive to the beginning of the year. how crazy is that? >> it is, i think, it is very unusual. it is the first time i have ever seen a retroactive tax. one of the things i think was really surprising to me and a lot of my friends is it really was not described that way in...
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. >>> google wins a battle in a war with apple. what it could mean for you as we approach the bottom of the hour already. we have more top stories. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. that's what may help lower your cholesterol and -- social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. >>> hi everyone. i'm gretchen carlson in for
. >>> google wins a battle in a war with apple. what it could mean for you as we approach the bottom of the hour already. we have more top stories. [ man ] ring ring... progresso this reduced sodium soup says it mahelp lower cholesterol, how does it work? you just he to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup....
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it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but the idea that google is up big and apple is down big just shows you how fanciful this market can be versus the reality. makes no sense. >> google could drive a lot bigger margin if they wanted to, fascinating company, i agree. >> all the thing these give away for free they could possibly monetize u >> kansas city, delivering one gigabyte for $30 a month. so interesting to follow this company, generating enormous amounts of cash flow. >> trade off of that. invest in it, they are investing so much in the future. the idea of a superior map product driving google over 700, starting to climb back where it was after that horribly disappointing quarter? i got facebook at 20. i get that. facebook said we got a way to monetize, but the idea, wow, you know what, those maps, which we know are superior, we should buy google off it? >> maybe just the people are taking money out of apple and putting it elsewher
it is not going to drive google's earnings, if you -- display ad does drive google's earnings but nothing to do with display ads, sit there and think maybe am, people will buy it, maybe not, but the idea that google is up big and apple is down big just shows you how fanciful this market can be versus the reality. makes no sense. >> google could drive a lot bigger margin if they wanted to, fascinating company, i agree. >> all the thing these give away for free they could possibly...
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google a clean name. not a lot of flies on it. challenging 50 day moving average of 58, looks like she wants to take it out for good. stock looks terrific. >> delta. >> delta is fantastic. stake in virgin. they are buying a company that had a $130 million loss in the last calendar year. the better trade who got the 360 million, singapore airlines if you're in the emerging marketplace, i think that's the main going. >> best buy getting a drop. >> no nice, just one day away. no reason to walk in the store and buy anything when you do it online probably cheaper than free delivery. continue to stay away. >> a drop for twinkies of it's a sad day for twinkie fans around the world as the final shipment of snacks hit the shelves this morning. 20,000 boxes sent to a chicago-area chain where customers lined up early to get the sugar fix. could be a lining, investors are looking to buy, may not be good-bye to twinkie the kid. final trades are next. americans believe they should be in charge of their own future. how they'll live tomorrow. for
google a clean name. not a lot of flies on it. challenging 50 day moving average of 58, looks like she wants to take it out for good. stock looks terrific. >> delta. >> delta is fantastic. stake in virgin. they are buying a company that had a $130 million loss in the last calendar year. the better trade who got the 360 million, singapore airlines if you're in the emerging marketplace, i think that's the main going. >> best buy getting a drop. >> no nice, just one day...
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we reached out to google for comment. we haven't heard back from them just yet. >> 40 minutes past the hour. it's all quiet on capitol hill. when it comes to the looming fiscal cliff crisis that could be a good thing. in 21 days we go over that cliff and four days to get a deal done before they head to christmas break. drastic tax hikes and spending cuts loom. cnn political reporter shannon travis jones us live from washington. what are you hearing? >> well, we're hearing that the negotiations are continuing, zoraida. exactly what those negotiations contain, what's actually happening in them, we're unclear of. so we know that president obama and house speaker john boehner had that one-on-one meeting on sunday, it was their first since mid-november. discussions have continued but, again, very light on details. both sides yesterday put out statements from a public and then from the white house. very light on details. i'll read just one of them for you. quote, discussions with the white house are taking place but we have no
we reached out to google for comment. we haven't heard back from them just yet. >> 40 minutes past the hour. it's all quiet on capitol hill. when it comes to the looming fiscal cliff crisis that could be a good thing. in 21 days we go over that cliff and four days to get a deal done before they head to christmas break. drastic tax hikes and spending cuts loom. cnn political reporter shannon travis jones us live from washington. what are you hearing? >> well, we're hearing that the...
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we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other people's weren't okay. lori: do you buy the end of the world this mayan forecast? melissa: when does it actually happen? lori: the 21st. melissa: i think more likely to happen on 12/12/12. lori: you have power to change it. melissa: things are heating up when it comes to solar, not a good way. many in california are wondering where is all the promised job creation??3 where is all the revenue? fox's william la jeunesse in los angeles with the latest. >> california utilities must get 20% of the their power from renewables. state and federal handouts
we're experiencing issue with google services. for he everyone affected we apologize for any convenience you made may be experiencing. we'll post updates to the dashboard. the dashboard gone from ready to green indicating there were service disruptions. now everything seems to be looking good. that is the updated website there. people are really freaking out over this, lori and melissa because the know the service is subscribed to by 425 million people out there. mine was fine and other...
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google fiber is going to be a huge event. they're testing it in kansas city. they're bundling packages with cablevision -- i'm sorry. they are bundling packages with cable tv and internet service. much quicker than the cable internet service. >> is it going to be huge or huge? >> both. >> okay. >> depends on where you're from. >> boys. all right. pop for jcpenney. a huge move, anthony. >> listen, this is the classic short squeeze. one of the worst performing stocks year to date. i expect this thing to get a little higher. >> drop for copper, down 1%. tim? >> not a huge move. >> huge or huge? >> semi-huge move. people are blaming the fiscal cliff. i would just call it lme inventorie inventories, which are very high and major resistant to copper at a time when we don't know if there's real sustained demand. >> pop for sam, boston beer, up 15%. mike? >> this is an example of a good company, but not a good stock. yesterday, after the close, they raised their full year eps forecast to between $4.30 and $4.60 a share. here's the thing, though. 10% top line growth an
google fiber is going to be a huge event. they're testing it in kansas city. they're bundling packages with cablevision -- i'm sorry. they are bundling packages with cable tv and internet service. much quicker than the cable internet service. >> is it going to be huge or huge? >> both. >> okay. >> depends on where you're from. >> boys. all right. pop for jcpenney. a huge move, anthony. >> listen, this is the classic short squeeze. one of the worst performing...
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starbucks and amazon and google have been doing is ok's that you say i said there's a difference between tax avoiders and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. also ahead for you this hour security tightens in egypt as law protests new supporters are nothing and so president mohamed morsi are said to confront each other again as the nation ready for a referendum on the job constitution plus. he says well. he won't have no bread. i said way way to maybe one day you mean. he's saying he will never hand and true. blood from having a baby we see if the victims of the usa jennings program have any chance of having their personal tragedies recognize this story and much more after a short break. an artist was arrested for putting up posters critical of drone usage all over new york ci
starbucks and amazon and google have been doing is ok's that you say i said there's a difference between tax avoiders and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. also ahead for you this...
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i think google is underappreciated because they're not winning with google plus. i think apple, i'm started to see how many 15, 16, 17-year-olds are running around with android phones. i don't make the predictions. i look at the reality and respond to it instead of trying to play a nostradamus card but google is most underappreciated. >> gary, christin, james and brad, thank you all very much, indeed. >> thank you. >>> and we'll be right back. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. wooohooo....hahaahahaha! oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy?
i think google is underappreciated because they're not winning with google plus. i think apple, i'm started to see how many 15, 16, 17-year-olds are running around with android phones. i don't make the predictions. i look at the reality and respond to it instead of trying to play a nostradamus card but google is most underappreciated. >> gary, christin, james and brad, thank you all very much, indeed. >> thank you. >>> and we'll be right back. as part of a heart healthy...
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google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] if you're living with moderate to severe crohn's disease, and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma or other types of cancer have happened. blood, liver and nervous system problems, serious allergic reactions and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region where certain fungal infections are common. tell your doctor if you have had tb, hepatitis b, are pr
google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] if you're living with moderate to severe crohn's disease, and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on...
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google made a bid, $6 billion. this is a business that hasn't evolved the way anyone would expect. would they buy it? who knows. >> can you believe they knocked back google's offer in 2010 and instead decided to go public. >> i forgot you were there. >> by the way, i was just off camera seeing how the sausage is made because this the ultimate sausage manufacturing facility. i heard that. i never said groogle, dieseline but never that. >> i thought who it was an efficient use of google and groupon. >> may be that if rumors are right. if rumors are right, it may be that. we may have that before long. >> by the way, herb, can you stick around for this one as well because i believe you've got a little bet hanging in the balance, brian. jcpenney, your prediction. >> stocks up a bit. before the prediction, i want to say, enof the year isn't here. stock has to go up 15 points. if it does, still beat brian on the bet. >> you think jcpenney is going to double in two weeks. >> i said all it has to do is rise another 15 points. >> jan turned positive, talked to a focus group who said they lov
google made a bid, $6 billion. this is a business that hasn't evolved the way anyone would expect. would they buy it? who knows. >> can you believe they knocked back google's offer in 2010 and instead decided to go public. >> i forgot you were there. >> by the way, i was just off camera seeing how the sausage is made because this the ultimate sausage manufacturing facility. i heard that. i never said groogle, dieseline but never that. >> i thought who it was an efficient...
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of that will tend not to protect this country it's with this company it's like starbucks and apple google at the moment it's really part of a much larger picture welcome to the world of tax avoidance illegal but morally suspect way the companies and the wealthy have been dodging paying their fair share most people are due to discuss these companies do not the very taxation which is a criminal offense but are void taxation basically use existing facilities and legal loopholes in the different regulation and taxation between different countries to their advantage companies like amazon the head office is based in luxemburg which they claim is the center of the economic operations which is handy as luxembourg so well known in tax haven where companies can enjoy a low tax rate but hang on a minute here one of amazon's massive this to be sentence is based in the u.k. in fact the reality is that many of our customers most of their employees and many more distribution centers like this while are in fact based here in the united kingdom so it's not hard to see that the relatively small luxembourg
of that will tend not to protect this country it's with this company it's like starbucks and apple google at the moment it's really part of a much larger picture welcome to the world of tax avoidance illegal but morally suspect way the companies and the wealthy have been dodging paying their fair share most people are due to discuss these companies do not the very taxation which is a criminal offense but are void taxation basically use existing facilities and legal loopholes in the different...
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google has announced that a new google maps app is available for the iphone. as you can imagine, the rush to get it was so intense by late yesterday it actually temporarily disappeared from the app store. remember back in september, apple ditched the google maps app and put its own on. there's a lot of criticisms about inaccuracies and lack of, i don't know, various things that you would normally expect. >> ending up in australia? >> ending up in australia or getting lost in national parks and stuff like that. so i guess there's people quite relieved right now. >> at least they can use that to find their way to the closest retailer. they're going to be open, 24, 25 hours a day, it seems like. >> it's unbelievable. i think they're going to get every single shopper through the door. you've got big-name companies like toys "r" us and macy's, they're going to stay open around the clock. others like target and nordstroms, but other stores have started a marathon of holiday store hours remaining open 24/7 since december 2nd. and since black friday, most target store
google has announced that a new google maps app is available for the iphone. as you can imagine, the rush to get it was so intense by late yesterday it actually temporarily disappeared from the app store. remember back in september, apple ditched the google maps app and put its own on. there's a lot of criticisms about inaccuracies and lack of, i don't know, various things that you would normally expect. >> ending up in australia? >> ending up in australia or getting lost in...
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this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell for a fourth straight week. the market may be improving. marking the second lowest claims this year. you have a slow moving average. that is the latest from the fox business network giving you the power to prosper. ashley: breaking news from major league baseball. the associated press reporting texas rangers gm says josh hamilton has agreed to a contract with the l.a. angels. there you go. tracy: i'm shocked we are even talking about baseball in the middle of winter. ashley: hsbc moving on with the largest fine ever paid by a bank. $1.9 billion for the justice department to settle a money-laundering case. could hsbc really commit a crime or was this perhaps a money grab by the government? judge andrew napolitano here with a unique take on this. you say it is all about the money. >> the true answer is we will not know because the case will not be tried. hsbc crossed off $1.
this is the mover in google maps from the device, apple finally approve of the google its app store. the own attempt at maps was a massive disaster even lead to a rare apology from ceo tim cook. jobless claims fell for a fourth straight week. the market may be improving. marking the second lowest claims this year. you have a slow moving average. that is the latest from the fox business network giving you the power to prosper. ashley: breaking news from major league baseball. the associated...
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"wired" reports that, today, apple has fixed the issue but apple ditched google for their own version and a variety of problems forced them to make a public apology. and author of "rethinking reputation and p.r. trumps marketing and advertising." this town said using apple maps can kill you. it was a good headline. >>guest: life threatening is never a good marketing image for your product. it brings a new meaning to "killer apps." the problem with apple and i am a shareholder of apple, it is a great company, one of the best companies in the world but it has been in a vortex of bad news so every blogger is piling on and every security analyst is saying sell it so the stock went from $700 to $525 in a month it has to become more public. >>shepard: they have to start talking about their issues. >>guest: exactly. in this case, with australia, what was serious in australia, and it was as you described but the company did not say anything, they fixed the problem. what i on say, acknowledge it, as they did when they introduced apple maps four months ago. the c.e.o. said, there have been some
"wired" reports that, today, apple has fixed the issue but apple ditched google for their own version and a variety of problems forced them to make a public apology. and author of "rethinking reputation and p.r. trumps marketing and advertising." this town said using apple maps can kill you. it was a good headline. >>guest: life threatening is never a good marketing image for your product. it brings a new meaning to "killer apps." the problem with apple and i...
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i think google is underappreciated because they're not winning with google plus. i think apple, i'm started to see how many 15, 16, 17-year-olds are running around with android phones. i don't make the predictions. i look at the reality and respond to it instead of trying to play a nostradamus card but google is most underappreciated. >> gary, christin, james and brad, thank you all very much, indeed. >> thank you. >>> and we'll be right back. i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. whe
i think google is underappreciated because they're not winning with google plus. i think apple, i'm started to see how many 15, 16, 17-year-olds are running around with android phones. i don't make the predictions. i look at the reality and respond to it instead of trying to play a nostradamus card but google is most underappreciated. >> gary, christin, james and brad, thank you all very much, indeed. >> thank you. >>> and we'll be right back. i love 'em even more. i earn...
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i just record man, 40-year-old, brown hair, short. >> bob: what scares me is google and amazon.com. they are tailor the individual ads. for example, in both kimberly and andrea's position they have shoe ads the experience on amazon and google. >> dana: yeah. >> andrea: yeah. >> dana: also, there is a website i visit a lot and they do that. i visited one -- a website -- visited the company of a website. whatever. website company to get customize jeans and they would make them for you. but i'm really short. i get the custom fit jeans. i went on the website and i got jeans from them. it didn't like them. it sent them back. every time i went on the website to get my news this company would pop up. >> andrea: don't you think that is scary they read the e-mails. so the minute they find out you are single you get match.com. you had viagra ads or something? >> bob: i get them all the time. do you know that eric has a pair -- folks out there, watching. >> eric: this is b.s. >> bob: he bought a pair of jeans for $420 that are rippe ripped. >> eric: diesel jeans. they're not -- they're like $8
i just record man, 40-year-old, brown hair, short. >> bob: what scares me is google and amazon.com. they are tailor the individual ads. for example, in both kimberly and andrea's position they have shoe ads the experience on amazon and google. >> dana: yeah. >> andrea: yeah. >> dana: also, there is a website i visit a lot and they do that. i visited one -- a website -- visited the company of a website. whatever. website company to get customize jeans and they would make...
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i think google is underappreciated because they're not winning with google plus. i think apple, i'm started to see how many 15, 16, 17-year-olds are running around with android phones. i don't make the predictions. i look at the reality and respond to it instead of trying to play a nostradamus card but google is most underappreciated. >> gary, christin, james and brad, thank you all very much, indeed. >> thank you. >>> and we'll be right back. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ mal
i think google is underappreciated because they're not winning with google plus. i think apple, i'm started to see how many 15, 16, 17-year-olds are running around with android phones. i don't make the predictions. i look at the reality and respond to it instead of trying to play a nostradamus card but google is most underappreciated. >> gary, christin, james and brad, thank you all very much, indeed. >> thank you. >>> and we'll be right back. but phillips' caplets don't....
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google up over 1%. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> just like the iphone and itunes, apple may be one step closer to changing the way you watch tv. the "wall street journal" reports the company is testing prototypes for high rez television sets. the ceo tim cook said apple tv is no longer just a hobby for the company. apple already sells a tv box that streams online content. another clue of about the new tv? supplier foxconn invested in a liquid crystal display factory. so hm, stay tuned. >>> are you tired of hitting the mute button every time your favorite program takes a commercial break? i know i am. turns out members of congress are, too. the fcc is directed to implement a loudness mitigation known as the calm act. that goes into effect today. this act bans broadcasters from blasting commercials at higher volume than the program you're watching. >> that will be handy. >>> are you a coffee drinker? listen up. it may now keep cancer away. a new study by the
google up over 1%. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> just like the iphone and itunes, apple may be one step closer to changing the way you watch tv. the "wall street journal" reports the company is testing prototypes for high rez television sets. the ceo tim cook said apple tv is no longer just a hobby for the company. apple already sells a tv box that streams online content. another clue of about the new tv? supplier foxconn...
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the question once before you actually interact tax avoid is ok to legally starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax payers they're profiting from sarah firth r.t. london. bahrain's leading human rights activists is staying behind bars but nothing about jobs got a three year sentence reduced on appeal despite international pressure on the mall . he to stop persecuting political activists we talk more about that but later the story of an american woman who was forcibly sterilized as a teenager is part of a government program to build a so-called healthy nation as a couple of the many and very stories we got ahead of this. an artist was arrested for putting up posters critical of drone usage all over new york city the p
the question once before you actually interact tax avoid is ok to legally starbucks and amazon and google have been doing is ok's that you're saying there's a difference between tax avoidance and tax evasion tax evasion is illegal tax avoidance people are using the law to their benefit now if the law is wrong we need to change the law but for now the law continues to allow an exodus of profits made in britain meaning companies like amazon can keep getting away with paying less than the tax...
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you can now buy google maps on itunes again and it is seen as a big win for google. alison kosik joins me from the this morning stock exchange. >> have you run into walls? >> this does not make sense. i know shay not turn right or left here. big props with apple maps. this adds to the bad pr, right? >> you know, it could. very very least for google, it gives google a chance to say, hey, told you we were good. but apple could also turn this thing around, this goof, and say, you know what, we're not the best, we can't doefrg perfectly, but as apple, we're willing to do what's best for the customer. and you remember what happened. tim cook apologized, he actually apologized for its map app just weeks after it was introduced. this thing was just not forward prime time. cook went out and said apple fell short of its commitment to users. even ran into such problems that police in australia said the apple map put people 40 miles away from their destination in the middle of nowhere. so now it comes to today, though. we have this google option again. so as of last night, goog
you can now buy google maps on itunes again and it is seen as a big win for google. alison kosik joins me from the this morning stock exchange. >> have you run into walls? >> this does not make sense. i know shay not turn right or left here. big props with apple maps. this adds to the bad pr, right? >> you know, it could. very very least for google, it gives google a chance to say, hey, told you we were good. but apple could also turn this thing around, this goof, and say, you...